Why Bitcoin, Cardano, and Fantom All Crashed This Weekend

As Monday morning trading opens, Bitcoin prices are down 10.5% over the past 24 hours as of 9:45 a.m. ET -- and it's not even the crypto being hit hardest. Cardano (CRYPTO: ADA) coins are down 18.2%, and Fantom (CRYPTO: FTM) bears the dubious distinction of being the hardest hit crypto of the bunch -- down 31.4%, according to data from CryptoCompare.com. Market analysts (Time, for example) blame the sell-off primarily on worries that as the Federal Reserve tapers its purchases of bonds, this will shut off the spigot of money that's been inflating risky assets such as cryptocurrencies, and cause prices to fall -- but there are other factors at work as well.